16th Sep 2015 06:54
LONDON (Alliance News) - Marwyn Value Investors Ltd on Wednesday said it has struck a deal with Canada Pension Plan Investment Board to sell its remaining stake in FTSE 250 media company Entertainment One Ltd.
Marwyn will sell its 17.9% stake in Entertainment One for GBP142.4 million via the Marwyn Value Investors LP fund, which will result in the company getting GBP103.4 million from the sale.
Marwyn will return GBP10.0 million to shareholders following the sale and will use the rest to back its existing investment portfolio and make further acquisitions.
By Sam Unsted; [email protected]; @SamUAtAlliance
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